The credit rating is Standard & Poor’s opinion of a creditor’s ability to meet its financial obligations, including its debt.

…the government won’t be the only one paying higher interest rates. Consumer loan rates usually follow the government’s rates so interest rates on car, home and student loans could increase as well. This increase would be a bitter pill for an ailing economy to swallow.

History shows that Standard & Poor's stands ready to denigrate America for the worse possible reasons at the worse possible times.

I can barely believe they lowered oUr rating after Pearl Harbor. They must view 9-11 as a missed opportunity.

About Me

I'm sixty, and for good or ill the civil rights movement and the Viet Nam war are seared into the center of who I am. I graduated from Public School in Chicago, and went to Phillips Academy at Andover, like G.W. Bush, like Bremer, "Scooter" Libby was a classmate ('68). I was pro war in Viet Nam until Christmas Vacation of '67. I was watching the news and an Army Captain was describing how they'd trapped some Viet Cong in a tunnel. When no one would come out, they bulldozed earth over the air vents. Then some hours later they started pulling bodies out of the tunnel, all women and children. It was the first and only time I ever threw up watching the news, but I've come close since then.